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Source: المصري اليوم
1 Dayالمصري اليوم
Source: المصري اليوم
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Today, Wednesday, August 26, 2026, the global gold price remained near its highest levels in more than three months, as investors awaited U.S. inflation data that will determine the Federal Reserve’s interest rate path. The spot gold price stood at approximately $4,654.17 per ounce with little change after reaching its highest point yesterday, while futures increased by 0.4% to $4,711.40 per ounce. Markets are awaiting the U.S. Personal Consumption Expenditures (PCE) price index data for July, which is the Fed’s preferred inflation measure. These figures influence expectations for monetary policy and gold prices, which declined after signs of slower employment growth and expectations of interest rate stability. Additionally, data from Hong Kong showed that China's gold imports rose by 11% in July, reflecting ongoing demand for the precious metal, while other precious metals like silver and platinum experienced limited movement. Gold's fluctuations remain closely tied to inflation data, as markets closely monitor the Federal Reserve’s monetary policy directions.
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